A Message from David Schectman – Thursday, January 7th 2016
by David Schectman
Miles Franklin
I keep hearing comments about how poorly gold has performed compared to the stock market. “If I had only put my money into the stock market instead of gold, I’d be far better off.” Yes, that is true if you knew how the stock market and gold would have performed in advance over the next six years in 2009. But at the time, the stock market had just plunged and gold was on a tear. Don’t we all wish we knew the timing of market moves beforehand!
And don’t forget, we stress that gold is NOT an investment, it is an insurance policy. Stocks are an investment. They should serve a different function in your portfolio.
Let’s look at gold and the Dow (as a lose proxy for the stock market) from 2000 through 2015.
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Source: http://financialsurvivalnetwork.com/2016/01/a-message-from-david-schectman-thursday-january-7th-2016/?utm_source=rss&utm_medium=rss&utm_campaign=a-message-from-david-schectman-thursday-january-7th-2016
